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January 1, 2003

Did U Know?

Florida's Public Universities Have the Lowest Cost of Earning a Degree in the Nation Expand for More Information

Did U Know? The College Board’s “Annual Trends in College Pricing” report confirmed that the cost of a bachelor’s degree for the 2022-23 academic year at Florida’s public universities is now the lowest in the country. This year, U.S. News & World Report also ranked Florida as No. 1 for tuition and fees and the No. 1 state for higher education overall since its inception in 2017.

What does this mean for you? With a continued emphasis on affordability, the average State University System students pays less than $3,400 for a bachelor’s degree after factoring in Florida’s investment in financial aid, showing a decrease five years in a row. Within the SUS, over 17,000 fewer resident undergraduate students took out loans in 2020-21 compared to 2019-20, while 75% of resident undergraduate students did not take out any loans. Increased financial aid, increased graduated rates, and consistently low tuition have resulted in fewer resident undergraduate taking out loans and lower loan default rates.

Bottom line? The State University System is a good return on investment.

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